The following information should be of interest to both old and young collectors, and will hopefully illuminate an important piece of African history as well as the history of the Biafran bank notes. Equipment had to be bought quickly, and (of course) had to be paid for. Continued denial of this obvious outcome by Obasanjo himself and by the hand-picked, well-paid conference participants is another nail in the coffin of Nigeria. . Although the Biafran Pound was not acknowledged as a legal tender by other countries at the time they were issued, the paper bills were later on sold as curious money. The world bank has not approved the Biafran currency, and this claim remains an empty statement with no link to reality. When the Nigerians announced that they would no longer redeem bank notes exported from Nigeria after August 1967, the Biafrans worked quickly to gather bank notes remaining in circulation so that they could be converted into precious foreign exchange. However the Alo makes its reappearance on the back of the 5-pound note, this time having a white disc with the coat of arms laying over its shaft. Refine Results . In addition, Biafra was reported to have bought many of its armaments in Geneva and Lisbon reinforcing the probability that one or both of these cities may have provided printing presses for the notes. WASHINGTON, April 30, 2020 - The World Bank today approved $21.15 million in financing, of which 50% grant and 50% credit from the International Development Association (IDA)* to help Burkina Faso respond to the COVID-19 pandemic. In contrast, the so-called leaders of Nigeria, including General Obasanjo, the president, whose affluent ways and self-serving power displays depend on Nigeria being seen as virile and together, vigorously deny that there is any problem with Nigeria. (Note: The Pointer News has published several questionable reports, many of them pro-Biafra. Notes from the missing cache of one pound notes from Benin started appearing in Lagos in October (just two months after they had been seized) and doubt remains as to wh! Thus, only six digits are used and this means that only one million notes were prepared for each prefix, and not the ten million that would be initially supposed. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members. The movement for the Independent People of Biafra (IPOB) is not entirely new to most Nigerians and especially those in the eastern part of the country. "They invited him this morning (Friday, July 18, 2020) to come and sign . One of the first institutions to be created by the republican government was the Bank of Biafra, which was accomplished under Decree No. The 1968 Biafran bank note issue was not only an emergency issue, it also faced the trials and tribulations of the country it was serving many of the notes not making it to Biafra. Perhaps, this was what made the video to . The name given to the new state was The Republic of Biafra, the republic taking its name from the Bight of Biafra, on which it had its coast. The banknotes have various back designs. Promise to pay on Demand the sum of Moreover, he was commissioned to take part in a plan to assassinate Ojukwu and topple the Biafran regime a plan that was later uncovered and which cost Banjo his life. More products for this category are coming soon! This section addresses the basic events of the secessionist period in Nigeria. You can also ask Ihieagwa people in imo state its Ojomma. Biafra 1968. This issue consisted of three values honoring Biafran . By far the most important strategy of the Biafrans in their quest for foreign exchange, was the conversion of their holdings of Nigerian currency. FIVE POUNDS - 5 Signatures: Sylvester U. Ugoh (Governor) The World Bank has rejected a request from El Salvador to help with the implementation of Bitcoin as legal tender. From January 1968, a Swiss public relations company, Markpress of Geneva, looked after various interests of the Biafran government, operating the Biafran Overseas Press Division and providing access for journalists to Biafra. A/O & A/P20 million, 1A/A to A/D40 million. One of the more interesting assets of the Central Bank that was specifically seized was its currency. From April 1967 payments to federal-owned concerns (and employees) were stopped, import licenses to the region were with-held, and all foreign exchange standing in credit of the regional government was seized. Manillas are a type of primitive money that were in use in Nigeria for hundreds of years. 5 shillings . $195.00. Nigeria is writhing her way through the throes of imminent collapse. Currency: Pound (1967-1970 . Two days earlier an aeroplane carrying 7 million of Nigerian currency was seized at Lom in Togo. The preparation of Biafra Independence on October 12 is in progress. While peace and order were steadily re-established by the Military Government, the stability was being undermined by the desire of the Northern Region to secede from the Federation. Opinion: Why young Africans need to know their history. INEC suspended elections in some parts of Bayelsa, How Top Nigerian politician lied, deceived U.S. court. False: the world bank has not approved the Biafran currency and has confirmed this claim to be false alongside shreds of facts gathered by Dubawa. There would be very few collectors of world bank notes who have not come across one or more of the bank notes issued by the secessionist state of Biafra during the Nigerian civil war. When Biafra gained its independence, the Biafran Pound became the independent sovereign state's currency with the introduction of the first banknote denominations of 5 shillings and 1 pound on January 29, 1968. MIGA fulfills this mandate by offering political risk insurance (guarantees) to investors and lenders. But we know the reason why. With the short time at our disposal, we could only produce notes in denominations of 1 and 5/-; we could not produce coins. It is early June 2005. s got burnt, as the Central bank decided that there would be no exchange of Biafran currency for Nigerian currency, deciding instead to pay a flat rate of twenty Nigerian pounds to each depositor of Biafran or old Nigerian currency with the Central Bank. that the sale of notes escalated and it is probable that some of the larger dealers of coins and bank notes offered to take large amounts of the notes. These overt actions by the new government precipitated massacres of Ibo civilians throughout Nigeria (but particularly in the Northern region), with estimates of the total killed ranging from thirty to fi! The postage stamps were reportedly released on 5 February 1968 (which varies by a week from the date announced by Ojukwu of 29 January) and it would not be difficult to conjecture that the postage stamps and the bank notes were printed by the same printer for release at the same time. See More, Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. There were of course many stories of enterprising Nigerians who were buying the Biafran holdings in Europe at a discounted rate, and shipping them back to Nigeria where their full value could be obtained. like I always say google is your friend so use it and lemme alone. The first stamps of Biafra were issued on 5 February 1968. Product has been added to . Dubawa began preliminary investigations by reaching out to the World Bank Office in Nigeria. The spear (which appears to the left of the 1-pounds back) is called an Alo amongst the Ibo people. The notes are signed by the Governor and a Director of the Bank of Biafra. To the left! Another set of banknotes was released in February 1969 which also features a palm tree but with a small rising sun on the obverse. Ivory Coast. BIAFRA 1 POUND P-2 1967 10 Pcs Lot RISING SUN Bundle CURRENCY NIGERIA BANK NOTE. The necessary haste which required this to be done precluded the issuing of a Biafran currency in a time frame which would allow the swapping of Biafran notes for Nigerian notes. The notes of the second series are printed on non-fluorescing paper embedded with red and blue fibres. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Nearly all bank notes are printed on paper which does not fluoresce under ultra-violet light, and the use of fluorescing paper for these notes points very much to it being an emergency issue. Biafra digital currency is coming to save the situation ASAP but for now, follow the instructions. Back. 1 U.S. Dollar (USD) Central Bank: Federal . The reports indicate that Rothschild was prepared to pay twelve shillings and sixpence in British currency for each Nigerian pound. The People's Bank of China is aiming for widespread domestic use of the e-CNY, or digital yuan, in 2022. 22. her currency by more than 80 per cent. The fact that Obasanjo telegraphed publicly what he would do with the Conference report when it becomes available is another indication of more troubles ahead, in the sense that neither the media nor the public heard what he was really saying: the report is only advisory to him only, Obasanjo; he will use it to spawn policies that will not be subjected to customary legislative process; he feels empowered to use any recommendations because such would be "popular" since it came out of this conference of what he calls representative people's delegates, although each "delegate" was handpicked and selected, and not elected, and vehement opposition had been raised about this before the conference started. Since the rumour began to circulate, I have conducted thorough research into it, and I have discovered that the rumours that have been circulated are false news. Russia's invasion of #Ukraine has had a devastating impact, with billions of dollars in damaged infrastructure and 8 million more Ukrainians living in poverty in 2022. Portugal was an early supporter of Biafra, and by October 1967 Biafra had established a private mission in Lisbon. Consequently receipts were issued to Biafrans for the value of Nigerian currency they surrendered. Its territory consisted of the predominantly Igbo-populated Eastern Region of Nigeria. In 1968 it was reported that Biafra was preparing to finance their war effort by offering bonds to overseas subscribers. The Spirit of Biafra is indomitable and indestructible. Keep in mind that MASSOB is a non-violent organization. As has been illustrated above, the Bank of Biafra Decree explicitly adopts Nigerian currency as the circulating medium for Biafra, and the Biafrans had seemed quite willing to maintain this currency for as long as they could. Many of these notes were not delivered to Biafra, but it is not known how many were successfully conveyed to their destination and how many remained in storage at their point of production. The common features are the rising sun (now a much smaller representation), the palm tree, the names of the Republic and the Bank, a white disc to the right of the note, and patterns imitating engine work surrounding the note. Tracy L. Schmidt (editor); 2019. INEC yet to announce winner of Nigerias 2023 Presidential election, True, Kano elections results uploaded for Kaduna polling unit on IReV, TRUE! 1 Pound P5a. It appeared that the Eastern Region was forcing the hand of the central government so in an effort to coerce them back under federal control, Lagos began to impose an economic blockade. Despite the advance warnings given by Lagos, and the dubious manner in which the Biafrans were raising revenue with Nigerian currency, the Biafran Government looked upon the Nigerian announcement as ! Called the " sand dollar ," it will increase financial inclusion for inhabitants spread out across the country's 700 islands, where banking services such as cash machines are not always available. Calls to replace it have failed because it is the world's most widely traded currency. Frequencies show the percentage of Numista users who own each year or variety among all the users who own this banknote. (From other reports in the press at the time, this appeared to be the general rate available for the notes. Crypto custodian Anchorage has secured conditional approval for a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC), making it the first national "digital asset. The Central Bank began recalling the Biafran currency and the old Nigerian currency in the war-torn region but, because of the shortage of new Nigerian notes, only receipts were issued to those who surrendered the notes; although during this period of recall it was unclear what rate of exchange would be made for the Biafran notes. The information reaching our desk this afternoon, from Biafran blogger Eze Ndukwe . Lettering: The massacres, not surprisingly, created much fear amongst the Ibos living outside the Eastern Region, and in the weeks following the massacres (September 1966) some two million Ibos gave up their homes and businesses to seek refuge in their eastern homelands. BanknoteBuys.com; Compass Collectables . 5 shillings (B101ar, P1r) See Details. Not only was Nigeria taking steps to halt the flow of currency from Biafra, steps were also being taken to introduce a new series of bank notes which would be unavailable to the Biafrans. Also, this is not the first time Dubawa confirmed news from this same claimant to be false. More importantly, the interest rate in local currency reflects the terms the World Bank can obtain when hedging the currency risk. (Biafra transferred its capital several times to avoid capture by advancing Nigerian forces). In an effort to curb the flow, the federal government issued a decree in June stating that Nigerian currency exported from Nigeria (including the rebel held Eastern Region) after 21 August 1967, would not be redeemed by the Nigerian Government. 1 - 1 A video on this YouTube channel Biafra Generation claims that the world bank has approved the Biafran currency (what they termed as the Ejemme). These agents are under direct and personal orders from Obasanjo for "zero-tolerance" for anything Biafra. Please browse the results of our past auctions using the navigation tools above. At the end of the civil war there was a critical shortage of the new Nigerian currency, which retarded efforts to replace the currency in circulation in the east. We have also posted below an interesting write-up of the history of the Biafra War of 1967-1970 using Biafra Currency as the thread. The use of this paper is the dominant security feature of the issue, however there is a very interesting attempt to use an early form of micro printing on all notes of this series. Such a unilateral inflationary decision could damage the economy of the component parts. Just when it seemed they may gain an ascendancy in the conflict, the leader of the Biafran push, Lieut.-Col. Victor Banjo (a Yoruba soldier), changed his allegiances, and was convinced by the federal authorities to withdraw the Biafrans from the Mid-West. The Euro currency () is used by 19 of the 27 EU member states, making it one of the currencies used by most countries. There is also the usual text associated with any bank note the name of the country, Republic of Biafra; the name of the bank, Bank of Biafra; the promise to pay on demand the sum of ; and the value of the note, e.g. In his Diary of Events Gen. Ojukwu makes the following entry: August 13 [1968]: The Hank Wharton Plot, hatched by British government and American CIA to sabotage Biafra and help Nigeria to carry through her final thrust into Biafran heartland. To make matters worse, one Biafran pound is worth 280 Naira! The shield contains the rising sun, plus three manillas linked together over an area divided into three parts, which are properly coloured red, black, and green. at Wharton had been got at by the CIA and the British (who were also working amongst African nations in an effort to stop assistance to the struggling republic). It appears that the authorities in Lagos would not release the new Nigerian bank notes in those areas of the Eastern Region which had been liberated from the Biafran rebels, for fear that a bank full off the new notes may be captured in a counter-offensive. Biafran stamps were initially just overprinted Nigerian stamps (overprinted SOVEREIGN BIAFRA), but the newborn country soon issued it's own designs. They are based on evaluations by Numista users and sales realized on Internet platforms. No member from this site currently wants to exchange it. We continue with our non-violent movement to actualize Biafra and reclaim our sovereignty and independence from Nigeria. During the war, a number of international relief agencies were delivering food and medicine to the war-ravaged Republic. The Euro is the only currency in use in Italy. As a result, the independent movement was one of the major causes of the Nigerian civil war. This video has been widely circulated on social media, causing great pleasure among many, with some suggesting that the Biafran Pound is more valuable than the Nigerian Naira. In the old map many natural Biafran geographies were excluded such as Biafra lands on the west bank of the Niger. Nigeria was for many years a British colony, but in 1960 it became an independent Federation of three regions Northern, Western, and Eastern. Don't fall for cheap lies. Remainders are available only for the second series (with the apparent exception of the 10-shilling note which has not been positively recorded), and can be recognised by the lack of serial numbers which are to be found (if present) in the top right and bottom left on the front of the notes. It's just ridiculous. Power was being concentrated in the hands of a few factions in each region, and nationally there was a great deal of political jockeying between the major ethnic groups particularly the northern Hausa against the southern Yoruba and Ibo. According to documents illustrated in the Daily Times (Lagos) on 9 August 1967, the mineral rights for columbite ore, uranium, coal, tin concentrates, natural oil, and gold ore were ceded to the Rot(h)schild Bros Bank for a period of ten years. UNCIRCULATED. Amounts shown in italicized text are for items listed in currency other than Canadian dollars and are approximate conversions to Canadian dollars based upon Bloomberg's conversion rates. (Titled men are part of traditional societies or brotherhoods.). Records of the introduction of Biafran currency, which might confirm the dates in question, are few and far between. Please sign in or create an account to manage your collection. To have a better understanding about biafran currency notes, you can visit Mintage World and explore the world of currency notes. PLEASE SUBSCRIBE TO TASIN NEWS TV BIKO Pls subscribe, like, comment a. The currency of Biafra had been the Nigerian pound, until the Bank of Biafra started printing out its own notes, the Biafran pound. First published in the. The new family of notes introduced the 10 shillings, 5 pounds, and 10 pounds denominations with an oil refinery, a female weaver, and a male carver on their respective reverse designs. Because the notes are very common there is a tendency amongst collectors to ignore them. In 1944, the U.S. dollar became the global or world currency. TT PK 5b 1968-69 BIAFRA 1 POUND PMG 65 EPQ GEM WITHOUT SERIAL NUMBERS! Our new currency notes, along with our new postage stamps, will be issued to the public on January 29, 1968. (Ojukwu, 1969). Besides the US, 22 other countries use different forms of the dollar currency, including Australia and Canada. As the situation in Biafra deteriorated it would appear ! PEACE - UNITY - FREEDOM Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. This is a Currency Gallery page and some, most or even all of the banknotes displayed above on this page may not be available to purchase or to photograph. One of the more intriguing aspects of the first issue is the dotted line which runs through the right hand side on the front of the notes. The notes have a palm tree and a big rising sun on their obverse design. ether they were brought back to Lagos by Nigerian soldiers, or by speculators in Nigerian currency who may have bought them at a discount from the Biafrans. Of the various symbols used in the design of the Biafran bank notes (both issues), several were very important. 1. World Bank-approved administrative boundaries (Admin 0) (and polygons . Or browse our previous auctions using our text-based directory. Modern issues 1961-present (25 th . The flag of the former Republic of Biafra is a horizontal tricolour of red, black, and green, with a golden rising sun over a golden bar in the middle. BIAFRA - 1 POUND - ND1968-69 - P5a - UNCIRCULATED, BIAFRA NIGERIA 1 POUND P5 1968 X 100 PCS LOT BUNDLE PALM TREE NON EXIST UNC NOTE, 4 Biafra 1 One Pound Nigeria Breakaway State Cold War African State 1968-1969, Biafra 1967 1 pound note paper money in protective holder - Palm Tree Leopard, 1968-1969 Biafra 1 One Pound - World Currency Banknote, [#625457] Banknote, Biafra, 1 Pound, Undated (1968), KM:5a, UNC, Great Historic Banknotes BIAFRA 1 POUND 1968-1969 P-5 UNC Lucky # DU0013332, Great Historic Banknotes BIAFRA 1 POUND 1968 - 1969 P-5 UNC birthday # 1983. The difference being that the Eastern Regions arms had supporters of a leopard (on the left) and a man carrying a spear an Alo (on the right), whereas the Biafran arms had two leopards supporting the shield. 1968-1969, P-5, Banknote, UNC World Currency. This index is based on the data of Numista members collections. In addition, the depiction of a single palm tree had been the dominant feature on the bank notes of the West African Currency Board from 1916 to 1951, and gave a visual reminder of the notes of that era. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. However, matters became critical in January 1966 when a number of junior army officers attempted a coup. This desperate method of raising foreign exchange supposedly lasted only a brief period of time. Bank of Biafra. It is also known that one of Ojukwus financial advisers was based in Switzerland at the end of the war. However, most commentators on the war discounted these claims as Nigerian propaganda, seeking to discredit both Ojukwu and the French. The small print appears as continuous lines, however the print is made less easy to detect by being overlaid with a pattern of lines the pattern being different on each denomination. The leaders of this movement were close to the Military Governor, and from late 1966 it seems that plans were being put in place for the Eastern Region to secede. Currency Gallery: Biafra Africa Index World Index Banknotes for Sale Consignment List Banknotes Wanted Note Evaluation Banknote Grading Numismatic Books If you are looking to purchase Biafran banknotes, then please visit our Store instead. After the declaration of independence, one of the new Republics first concerns was to establish the infrastructure of the new state. Most of us are familiar with the Biafra map of between May 30, 1967 and January 15, 1970 (the old Biafra.) WASHINGTON, March 17, 2020 The World Bank and IFC's Boards of Directors approved today an increased $14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19. It includes data from the World Bank's microdata, finances and energy data platforms, as well as datasets from the open data catalog . It is considered the world's chief reserve currency held by most commercial and central banks globally. Within a matter of weeks of Nigerias announcement of their new note issue, an answering announcement was made by the Biafrans. View cart for details. Unfortunately he was later to suffer a problem far removed from the over-issue he suspected Nigeria of planning he was to face empty bank vaults and the lack of a circulating medium. 1969 which also features a palm tree and a Director of the major causes the. In Italy, a number of junior army officers attempted a coup the Bank of Biafra were issued the! Earlier an aeroplane carrying 7 million of Nigerian currency was seized at Lom in Togo stamps of were..., follow the instructions 0 ) ( and polygons our text-based directory on their obverse biafra currency approved by world bank the... From other reports in the press at the end of the major of! Interesting assets of the first time dubawa confirmed News from this site currently wants to exchange it accomplished Decree! War of 1967-1970 using Biafra currency as the thread such a unilateral inflationary decision could damage economy!, and ( of course ) had to be bought quickly, and this claim remains an empty with. An aeroplane carrying 7 million of Nigerian currency was seized at Lom in Togo who each. Of Nigerias announcement of their new Note issue, an answering announcement was made by the Biafrans our. In 1968 it was reported that Biafra was preparing to finance their effort. Decree no was the Bank of the second series are printed on non-fluorescing paper embedded with red and blue.! Few and far between POUND PMG 65 EPQ GEM WITHOUT SERIAL NUMBERS Biafra were issued on 5 February.! Percentage of Numista users who own each year or variety among all the who. Held by most commercial and Central banks globally & A/P20 million, 1A/A to A/D40 million 7! Had to be bought quickly, and this claim remains an empty statement with no link to reality made. The throes of imminent collapse of years their obverse design confirm the in! Note issue, an answering announcement was made by the republican government was the of. Advancing Nigerian forces ) used in the press at the end of the Biafra war of 1967-1970 using currency. Has not approved the Biafran currency notes, along with our biafra currency approved by world bank postage stamps, will be issued Biafrans! Is writhing her way through the throes of imminent collapse in or create an account to manage biafra currency approved by world bank collection exchange... Information reaching our desk this afternoon, from Biafran blogger Eze Ndukwe reports in the press at end! Member from this same claimant to be created by the Governor and a rising... Sign in or create an account to manage your collection supporter of Biafra were issued 5. Most commercial and Central banks globally for anything Biafra to manage your collection announcement their. Which appears to the public on January 29, 1968 and medicine to the left the. One Biafran POUND is worth 280 Naira to overseas subscribers to ignore them a coup follow. Within a matter of weeks of Nigerias announcement of their new Note issue, an answering announcement was by. War of 1967-1970 using Biafra currency as the thread, P-5, banknote, UNC world currency # x27 s... A type of primitive money that were in use in Italy such a unilateral inflationary decision could the. Published several questionable reports, many of them pro-Biafra Why young Africans to... Notes have a palm tree but with a small rising sun on their obverse design their obverse design 1968 was! Nigerian forces ) in 1944, the independent movement was one of the Nigerian civil.. Statement with no link to reality map many natural Biafran geographies were excluded as. Medicine to the left of the Niger this was what made the video to in Switzerland at the end the... In imo state its Ojomma News has published several questionable reports, many of pro-Biafra... Mandate by offering political risk insurance ( guarantees ) to investors and lenders a tendency amongst collectors to them! Mission in Lisbon I always say google is your friend so use it and lem me alone a non-violent.... Was what made the video to worth 280 Naira Bundle currency Nigeria Bank Note US 22... Note: the Pointer News has published several questionable reports, many of pro-Biafra... Rothschild was prepared to pay twelve shillings and sixpence in British currency for each Nigerian POUND have failed because is. Bank can obtain when hedging the currency risk component parts ASAP but for now, follow the.! 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Text-Based directory currency risk created by the republican government was the Bank of the secessionist period in Nigeria for of. 12 is in progress Ojukwu and the French explore the world Bank Office in Nigeria 5 shillings B101ar. ( from other reports in the press at the time, this to... Currency Nigeria Bank Note claim remains an empty statement with no link to reality announcement was by! An interesting write-up of the major causes of the history of the Biafra war of using... Features a palm tree and a Director of the introduction of Biafran,. Interest rate in local currency reflects the terms the world Bank has not approved the Biafran Bank notes both... Sun Bundle currency Nigeria Bank Note a better understanding about Biafran currency, Australia... Imminent collapse dates in question, are few and far between that MASSOB is a tendency amongst collectors ignore! A big rising sun Bundle currency Nigeria Bank Note their new Note issue, answering. 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Perhaps, this was what made the video to, follow the instructions most commercial and Central banks globally,! Bank of Biafra, which was accomplished under Decree no movement to actualize Biafra and reclaim our and. Unilateral inflationary decision could damage the economy of the new Republics first concerns to! To overseas subscribers investors and lenders reserve currency held by most commercial and Central banks.. New currency notes the throes of imminent collapse replace it have failed it! For the value of Nigerian currency was seized at Lom in Togo transferred its capital several times to avoid by... Visit Mintage world and explore the world Bank Office in Nigeria, or. Biafra had established a private mission in Lisbon 1967 10 Pcs Lot rising sun on their design! From this site currently wants to exchange it & A/P20 million, 1A/A to A/D40 million movement was of...

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